The battle between the SEC and cryptocurrencies

The latest Cointelegraph report tries to make sense of the ongoing crackdown on cryptocurrencies by the Securities and Exchange Commission, its rationale and potential outcomes

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the fight against cryptocurrencies in the United States. In recent months, the government has initiated many lawsuits against major cryptocurrency companies accused of violating security regulations.

According to critics, the government has opted for an enforcement-based regulatory strategy, failing to develop a sufficient set of laws that would address the specific characteristics of crypto assets. The concept of a security and whether it can be applied to a diversified range of assets, such as cryptocurrencies, is a major cause of uncertainty.

Despite the pressure he was under during last week’s congressional hearings, Gensler is hesitant to accept the political risk of engaging in a productive dialogue with the sector.

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My name is Miroslav. I was born in the city of Chernivtsi. Since childhood I was a very active and energetic guy. I loved playing basketball, running and exploring the world around me. I always tried to be the best at what I did. Outside of work, I'm into playing guitar, it helps me relax and enjoy life. I also love to travel and visit new places. I have had many challenges and obstacles in my life, but I have always set goals for myself and tried to achieve them. I believe that the most important thing in life is to develop and constantly improve yourself.

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